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BEIJING, April 29 (Xinhua) -- Chinese Premier Li Keqiang met with former U.S. Treasury Secretary Timothy Geithner in Beijing on Tuesday for closer economic ties.

In April 2012, the City of London launched an initiative to turn the Square Mile into a center for RMB business. Besides, "red-back" business is gaining steam in Singapore too. Meanwhile, more and more countries have reached local currency settlement arrangements with China, promoting its international use.

ADDIS ABABA, May 5 (Xinhua) -- China and the African Union (AU) agreed here Monday to comprehensively deepen their friendly cooperation in development and international affairs.

The strategic decision made by Chairman Mao Zedong and General Charles de Gaulle fifty years ago shows the great wisdom of both leaders and laid a sound foundation for bilateral friendship. China-France ties lead the development of relations between China and Western countries, he said.

According to Chen Zhou, a researcher with the Academy of Military Sciences and a national lawmaker, China is currently under mounting strategic pressure, as the Asia-Pacific region has become a global geo-political and economic center, with some major powers "speeding up strategic adjustments and strengthening military alliances."